102 - 2240 Lake Shore Boulevard W Toronto (Mimico), Ontario M8V 0B1
$1,349,000
Rarely Available Renovated Commercial Unit in South Etobicoke! Located along Lake Shore, this 1,147 sq ft commercial space is ideal for a wide variety of uses, including retail, office, or medical services. Excellent exposure and plenty of local foot traffic from many condos in this high demand area - units are almost never for sale. The unit is currently leased to a thriving barbershop through September 2027 (option to renew). Tenant pays: utilities & insurance. Landlord pays property tax & maintenance. Net Operating Income / NOI is $72,948/year. Estimated 5.7% Cap Rate. Owned underground parking spot included. Ideal for investors or end-users seeking a highly visible, renovated commercial space with guaranteed income. This space is in a high-traffic area surrounded by 279 residential units and established businesses, offering plenty of foot traffic. Additionally, the unit benefits from shipping and receiving access and is just minutes from the Gardiner Expressway/QEW, providing easy access to major transportation routes. (id:55499)
Property Details
| MLS® Number | W12082526 |
| Property Type | Retail |
| Community Name | Mimico |
Building
| Bathroom Total | 1 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 1147 Sqft |
| Type | Retail |
| Utility Water | Municipal Water |
Parking
| Underground |
Land
| Acreage | No |
| Zoning Description | Commercial Condo |
https://www.realtor.ca/real-estate/28167166/102-2240-lake-shore-boulevard-w-toronto-mimico-mimico
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April 16 2025 05:09:11
Toronto Real Estate Board
Atv Realty Inc